Bank One, Smith Barney Settle Lawsuit Over Trade Secrets

Law360, New York (October 19, 2003, 12:00 AM EDT) -- Banc One Securities Corp. settled its lawsuit over trade secrets against five former employees and Smith Barney, newswires reported.

Banc One Securities Corp. had sued Smith Barney and the five employees on Oct. 1, seeking to bar them from pursuing business with their former clients, and disclosing or destroying trade secrets and other information. The employees had signed agreements preventing them from using customer data after they departed on Sept. 26., according to the company.